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Former Ronald Reagan staffers endorse Kamala Harris for president (www.theguardian.com)

submitted 2 months ago by Linkerbaan@lemmy.world to c/usa@lemmy.ml

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More than a dozen former Ronald Reagan staff members have joined dozens of other Republican figures endorsing the Democratic nominee and vice-president, Kamala Harris, saying their support was “less about supporting the Democratic party and more about our resounding support for democracy”.

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[–] MrMakabar@slrpnk.net 0 points 2 months ago* (last edited 2 months ago) (1 children)

https://nation.africa/oped/opinion/Kenya-must-avoid-China-debt-trap-or-fall-into-Sri-Lanka-pit/440808-4551200-kv7y59/index.html

https://www.news24.com/fin24/Economy/South-Africa/da-demands-details-of-r370bn-chinese-loan-warns-of-debt-trap-20180916

For example, but that took me a minute to find. Just asking for proof does not work, when the other site is unable to argue its case beyond "I looked into it". Not even an unsourced explanation of how Cowbee came to the cconclusion. Only that it is supposed to be "obvious".

I doubt I get a reply from Cowbee due to that.

[–] Cowbee@lemmy.ml 2 points 2 months ago (1 children)

Why didn't you reply to my comment if you wanted a response? You didn't even @ me when namedropping, like you're hiding.

Your first source is an opinion piece saying African countries need to be wary of taking on debt they can't pay back, without offering numbers. No evidence of debt entrapment, just loans.

Your second source just talks about the lack of transparency of one specific loan.

Neither proves China to be intentionally sinking African countries into debt, which is why I asked for sources.

Meanwhile, China has been waiving loans, and many loans are interest free as a part of the Belt and Road Initiative.

The US and other Western countries have stolen trillions from African Countries.

You need to meaningfully prove your statements, otherwise you're just a western chauvanist.

[–] MrMakabar@slrpnk.net 0 points 2 months ago (1 children)

China has been waiving no intrest loans, which can not be repaid. Debt restructuring inckuding forgiving loans is part of a debt trap too.

Beijing, which has come under criticism for its lending practices to poorer nations, accounts for almost 40% of the bilateral and private-creditor debt that the world’s poorest countries need to service this year, according to the World Bank. It has helped forge recent debt-relief agreements, participating in the Group of 20 suspension of repayments during the pandemic.

(From the Bloomberg article) The amount is certainly right and already working with the Western lenders as well.

The AlJazeera opinion piece you linked shows pretty well, what it means. After all the IMF adjustment programs were how the West was able to exploit the South. China is starting to take part in that exact process.

Obviously those are just loans. Do you seriously believe they sign documents named "debt traps"?

[–] Cowbee@lemmy.ml 2 points 2 months ago

I expect you to provide meaningful evidence that these are predatory loans, as opposed to beneficial loans. You made the claim that they are debt trapping, without providing evidence, just vibed, which teeters on western chauvanism.